Fact Sheet

 

 

 

History and Mission of the Friends Center City Retirement Community

 

  • Founded in 2003 with the purpose of creating a continuing care retirement community
    in Center City affiliated with Friends (Quakers)
  • A Pennsylvania not-for-profit corporation with federal tax exempt status

 

Project Goals and Objectives

 

  • Create a vibrant and innovative urban community for older adults
  • Welcome all races, ethnic backgrounds, religions and gender orientations
  • Provide lifetime health and medical care for all residents
  • Be economically diverse: encompass both market rate and subsidized units
  • Be environmentally responsible, a model of “green architecture”
  • Promote a spirit of involvement and caring in true community
  • Be self-directed and governing to the maximum degree possible

 

Program Concept

 

  • 150 -200 apartments, a percentage of which will be “affordable” units for members of
    lesser means
  • Continuum of health care: case management, on site wellness/health service offered in partnership with an existing family practice (with geriatricians), assisted living on site;
    skilled nursing care through affiliation off site
  • Community spaces and services (group dining, fitness, housekeeping, etc.)
  • Several fee structures are under consideration, including conventional entry fee and cooperative ownership

 

Accomplishments

 

  • Raised over $85,000 from our membership and secured two grants totaling $18,000.
  • Engaged a part time project coordinator and a real estate consultant.
  • Completed initial financial and market feasibility studies. 
  • Exploring possible sites including the National at 2nd and Arch Streets.

    • Met with the three largest bond underwriters of senior housing, each of which has
      expressed interest in being involved with us.
    • Currently reviewing proposals from architects for planning/design studies of the potential sites.
    • Exploring partnerships with several respected organizations which serve the older adults.
    • Developing an innovative healthcare plan based on research of exemplary models across the nation. 
    • Increased membership to over 700 people.
    • Currently developing a “virtual community,” through our newsletters and regular
      membership events, which provide an opportunity for members to get to know one another and stay informed of our progress.